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On January 1- 2020- Pharoah Corporation had 96-000 shares of no-par co.pdf

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On January 1, 2020, Pharoah Corporation had 96,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 14,000 additional shares of common stock for $15 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec 1 Purchased 2,200 additional shares of common stock for $14 per share. Dec. 15 Declareda cash dividend on outstanding shares of 51.10 per share to stockholders of record on December 31. (a) Your answer is incorrect. Prepere the entries, if any, on each of the three dividend dates. (Credit account litles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "Wo Entry" for the account titles and enter O for the amounts. List all debic entries before credit entries. Record journal entries in the order presented in the problem.).

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On January 1, 2020, Pharoah Corporation had 96,000 shares of no-par common stock issued. 5,000 shares are held as treasury stock The stock has a stated value of $5 per share. During the year, the following occurred. Apr. 1 Issued 14,000 additional shares of common stock for $15 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. July 10 Paid the $1 cash dividend. Dec 1 Purchased 2,200 additional shares of common stock for $14 per share. Dec. 15 Declareda cash dividend on outstanding shares of 51.10 per share to stockholders of record on December 31. (a) Your answer is incorrect. Prepere the entries, if any, on each of the three dividend dates. (Credit account litles are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "Wo Entry" for the account titles and enter O for the amounts. List all debic entries before credit entries. Record journal entries in the order presented in the problem.)

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